Crypto
Japan corporate-led blockchain to issue yen stablecoin for B2B payments
The Japan Blockchain Foundation plans to issue EJPY, a yen-pegged stablecoin, on Japan Open Chain and Ethereum. The token is designed as a trust-based stablecoin for uses including business-to-business payments, digital asset payments, remittances and payments for Web3 services. The foundation will act as consignor and is in talks with trustee candidates. Detailed issuance conditions have not been set, but it is targeting a launch within the year.
